News

Luna Grill receives growth investment

September 19, 2017

Luna Grill has received an equity investment from PWP Growth Equity specifically targeted to spur growth in both existing and new marekts, according to a company press release.

"This investment will allow us to continue the rapid yet measured growth we have experienced over the past few years," co-founder and CEO Sean Pourteymour, said in the release about the deal in which financial terms were not disclosed. "PWP Growth Equity has a tremendous track record of success, including deep consumer sector expertise, and we are thrilled to partner with Chip Baird and David Ferguson, Co-Founders of PWP Growth Equity, as we enter new markets and build Luna Grill into a leading national brand in the Mediterranean restaurant category."

The 38-unit chain's leadership team and strong culture position it to capture positive trends in healthy Mediterranean cuisine and the upscale, fast casual restaurant category, Baird said in the release.

"Luna Grill found a niche in catering to consumers seeking convenient and authentic high-end food, and the company’s unique menu offerings translated into strong affinity ratings from legions of 'Luna-tics' throughout numerous markets," he said.

"This is an important milestone for Luna Grill and we are grateful to our dedicated team members who are responsible for our incredible success by striving every day to inspire others to feel good by eating real food crafted with care," said Pourteymour, who founded it in 2004 with his wife, Maria.

PWP Growth Equity is the middle-market private equity group of Perella Weinberg Partners, which invests in growth-oriented, lower middle market companies.